💥🦁🌎 DWAC VOTE FOR MERGER ANNOUNCEMENT 💥🦁🌎
🏆 - WINNING - 🏆
I just received a notice to vote for DWAC approval:
- To approve the Merger of DWAC
- To change the name to TMTG - Trump Media & Technology Group
- Board Structure and Composition
- Amendment to Blank Check Provisions
- Authorized Share Charter Amendment
- Amendment and Restatement of the Digital World Charter
- Elect to Director: Kash Patel, W. Kyle Green, Linda McMahon, Donald Trump Jr, Eric Swider, Devin Nunes, Robert Lighthizer
- Incentive Plan Proposal
- The Nasdaq Proposal
- The adjournment Proposal
Special meeting of stockholders to be held March 22nd, 2024 to approve the merger of DWAC and TMTG.
Has any else received notice and voted?
Please share your thoughts in the comments!
Note: No part of this post is meant to be financial advice for anyone. Talk to your financial advisor, and tax accountant, and people you personally know and trust, before making any financial decisions.
Thank you Red Pill.
Please clarify.
You say Warrants are an option to purchase post merger, but then say they can only be bought and sold pre-merger. So how do you convert it post merger if it cannot be sold?
Does anyone need to sell Warrants or units before the merger takes place?
You can only purchase them before the merger - after the merger, they act like a stock option that you can either execute and pay the $12 (to the new company) to convert to a share (plus any taxes due) or do nothing and lose your initial purchase price for the warrant. Before the merger, you can trade them on the open market (buy and or sell to other investors) just like they were stocks.
No one NEEDS to sell them pre merger but you do not have that option available to you post merger so ... if you think the stock will drop in price shortly after merger (which I do) then it may make since to sell the warrants pre merger when they are trading at a premium, wait for the merger to happen, buy shares of stock after the drop, avoid paying the $12 fee to convert the warrant and any associated taxes you may owe.